NPD Hires Industry Vet Paul Gagnon as VP of Consumer Technology Unit

The NPD Group April 13 named longtime industry veteran Paul Gagnon as VP, industry advisor for the research firm’s consumer technology business. In this role, Gagnon will track the CE industry and anticipate market trends to help manufacturers and retailers make data-driven business decisions for the present and future.

Paul Gagnon

With 20 years in the industry, Gagnon is a well-known analyst with expertise in many aspects of the CE industry, from supply chains and core technologies to consumer CE product adoption. He is knowledgeable about display technologies and their application in CE, as well as the overall intersection of CE technology, devices, and applications.

“The role technology plays in our lives is forever evolving as we adopt new smart technologies for our homes, explore new entertainment hardware, and adjust to a perhaps permanent hybrid work schedule,” Ian Hamilton, president of NPD’s Technology sector, said in a statement. “Paul is a welcome addition to our technology team as he brings a wealth of CE knowledge and will provide critical insights to NPD’s clients, who rely on our data to make real-time business decisions.”

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Prior to joining The NPD Group, Gagnon was senior research director at Omdia, formerly IHS Markit Technology. He also previously led the TV research team at NPD DisplaySearch, was a senior marketing analyst at Hitachi, and started his career on the retail side of the industry at Circuit City.

IHS: Shipments of Larger-Size TV Screens Increase

Size matters when it comes to high-definition televisions.

Despite flat TV shipments in the most-recent fiscal period, the average TV unit-shipment screen size increased more than any previous quarter in the past year.

Global shipments of 60-inch and larger TV screen sizes increased more than 40% year-over-year, with even stronger growth in North America and emerging markets, as prices fell to new lows for 65-inch and 75-inch units, according to new data from IHS Markit. The growth rate is more than 10% higher than in recent quarters.

While promotions for the World Cup raised TV unit sales more than 7% in the first half of the year, Western Europe, Latin America, and Middle East and Africa all experienced double-digit TV shipment year-over-year declines in the third quarter.

“Each year during the holiday shopping season, brands and retailers try to push ever larger screen sizes to keep revenue growing and encourage adoption of value-added features like 4K and smart TV,” Paul Gagnon, research and analysis executive director, IHS Markit, said in a statement.

“This year, there’s higher interest in 65-inch 4K TVs for many of the key promotional deals, leading to less focus on smaller screen sizes under 50 inches.”

IHS said expanding screen sizes bodes well for sales of 4K units. In fact, the share of 4K TV shipments in Q3 reached a record high of nearly 44%. Due to sustained premiums and larger average size, 4K TV made up more than 71% of all TV revenue during the quarter.

Prices of 65-inch 4K LCD TVs fell to an average of $1,110 in North America during the quarter, from $1,256 in the previous quarter. In China, the average price of 65-inch TVs was even lower – just $928, after already falling below $1,000 in the second quarter. Xiaomi and other brands have aggressively pushed prices lower as competition intensifies in China. In other regions, prices were considerably higher for 65-inch 4K TVs, due to less intense retail competition and a smaller addressable market.

LCD TV shipments increased by 14%, quarter over quarter. Quantum dot LCD TV shipments rose to 663,000 units in the quarter, with an average size exceeding 60-inches. The average size of OLED TVs increased to more than 59 inches for the first time, as the 65-inch shipments share grew to a new high of more than 38%.